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Salim Furth on Land Use Regulations, the Rise of NIMBYism, and Options for Reform

Macro Musings with David Beckworth

Release Date: 06/24/2019

Macro Musings Producers’ Special – A Recap of 2019 and a Glimpse into the Future  show art Macro Musings Producers’ Special – A Recap of 2019 and a Glimpse into the Future

Macro Musings with David Beckworth

Title: Macro Musings Producers’ Special – A Recap of 2019 and a Glimpse into the Future   Description:   To accompany the new year, David Beckworth is joined by the producers of Macro Musings, Marc and Carter, to talk about the highlights of the podcast throughout 2019, including their personal favorite episodes and the top episodes according to listener statistics. They also discuss some of the most important macroeconomic issues and events of the past year, including the yield curve inversion and ensuing recession speculation, the secular decline of interest rates, the Fed’s...

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Eric Sims on New Keynesian Modelling and the Future of Macroeconomics in a Low Interest Rate Environment show art Eric Sims on New Keynesian Modelling and the Future of Macroeconomics in a Low Interest Rate Environment

Macro Musings with David Beckworth

Eric Sims is the chair of the economics department at the University of Notre Dame and is a research associate with the National Bureau of Economic Research and the Cleveland Federal Reserve Bank. Eric, along with his colleague, Cynthia Wu, have a number of recent papers addressing monetary policy in low interest rate environments, including a keynote paper presented this past summer at the Chicago Fed Conference that was part of the Fed's big review this year. He joins the show today to talk about this work, focusing on the latest developments in New Keynesian modelling and the current state...

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Peter Conti-Brown on *Restoring the Promise of Federal Reserve Governance* show art Peter Conti-Brown on *Restoring the Promise of Federal Reserve Governance*

Macro Musings with David Beckworth

Peter Conti-Brown is an assistant professor at the Wharton School at the University of Pennsylvania and a nonresident fellow at the Brookings Institution. Peter is also a historian and a legal scholar specializing in the study of the Federal Reserve and is a returning guest to Macro Musings. He joins the show today to talk about his new paper, *Restoring the Promise of Federal Reserve Governance*. Specifically, David and Peter discuss the institutional history of the Federal Reserve Board, the lack of transparency in the Fed appointment process, and why we should consider raising Fed governor...

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Josh Galper on the Current State of Repo Markets, Key Bottlenecks, and a Balanced Proposal to Restore Stability show art Josh Galper on the Current State of Repo Markets, Key Bottlenecks, and a Balanced Proposal to Restore Stability

Macro Musings with David Beckworth

Josh Galper is the managing principal of Finadium, an independent consultancy in capital markets based out of New York City. He joins the show today as part of a two week special on the Fed and repo markets, as he helps us take a look at recent repo market stress from the private sector. Specifically, David and Josh discuss the current state of US repo markets, key bottlenecks that have arisen in 2019, and a balanced proposal to restoring stability in capital markets.   Transcript for the episode: ...

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George Selgin on Repo Market Stress, Fed Balance Sheet Volatility, and a Standing Repo Facility show art George Selgin on Repo Market Stress, Fed Balance Sheet Volatility, and a Standing Repo Facility

Macro Musings with David Beckworth

George Selgin is the director of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to the Macro Musings podcast. He joins the show today as part of a two week special on the Fed and repo markets, as he helps us take a look at recent repo market stress from the Fed’s perspective. Specifically, David and George discuss the basics of the Fed’s balance sheet, the problematic nature of the Treasury General Account and foreign repo pools, and how George would tweak standing repo facility proposals to more directly address balance sheet...

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RE-AIR: Robert Samuelson on Paul Volcker and the Great Inflation show art RE-AIR: Robert Samuelson on Paul Volcker and the Great Inflation

Macro Musings with David Beckworth

Robert Samuelson is an economics columnist for the Washington Post and spent several decades working at Newsweek, where he wrote on various economic topics. Robert is the author of several books, including *The Good Life and Its Discontents: The American Dream in the Age of Entitlement* and *The Great Inflation and Its Aftermath: The Past and Future of American Affluence*. He joins the show today to talk about the latter and its implications for today. David and Robert go in-depth about the Great Inflation, as they discuss the disagreement within macroeconomics during the 60s and 70s, the...

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Jim Bianco on Negative Interest Rates, Low Inflation, and Yield Curve Expansion show art Jim Bianco on Negative Interest Rates, Low Inflation, and Yield Curve Expansion

Macro Musings with David Beckworth

Jim Bianco is the president of Bianco Research, a provider of data-driven insights into the global economy and financial markets, and is also a columnist for Bloomberg. Jim has 30-plus years of experience on Wall Street, and he joins the show today to talk about Fed policy, negative interest rates, and inflation. David and Jim also discuss the possibility of extending the yield curve, the Fed’s recent forays into the repo market, and what low interest rates mean for the economy moving forward.   Transcript for the episode: ...

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Claudia Sahm on the Sahm Rule and Using Big Data to Inform Policymaking show art Claudia Sahm on the Sahm Rule and Using Big Data to Inform Policymaking

Macro Musings with David Beckworth

Claudia Sahm is the director of macroeconomic policy at the Washington Center for Equitable Growth, and was formerly at the Board of Governors as a section chief in the Consumer Community Affairs Division as well as serving on the staff macro forecast. Claudia specializes in macroeconomics and household finance, and she joins the show today to talk about some of her work. David and Claudia also discuss her experience working at the Federal Reserve Board of Governors, the conception of the Sahm Rule, and the importance of big data for economic research and policymaking.   Transcript for...

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Carola Binder on Political Pressure and the Twin Deficits of Central Banking show art Carola Binder on Political Pressure and the Twin Deficits of Central Banking

Macro Musings with David Beckworth

Carola Binder is an assistant professor of economics at Haverford College and is an associate editor of the Journal of Money, Credit, and Central Banking. Carola is also a member of the CEPR Research and Policy Network on Central Bank Communication, and joins the show today to discuss her work on central banking and populism. David and Carola also discuss the link between central bank credibility and popularity, the twin deficits of central banking, and why NGDP targeting could be an easy transition point from current inflation targeting regimes.   Transcript for the episode: ...

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Binyamin Appelbaum on *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society* show art Binyamin Appelbaum on *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society*

Macro Musings with David Beckworth

Binyamin Appelbaum is the lead writer on business and economics for the editorial board of The New York Times, and he was previously a Washington correspondent for The Times covering the Federal Reserve and other aspects of economic policy. Binyamin is also a returning guest to the show, and joins today to talk about his new book, *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society*. David and Binyamin also discuss Milton Friedman’s influence on economic thought during the postwar era, the history of the emergence of supply side economics, and the consequences...

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Salim Furth is a senior research fellow at the Mercatus Center where he studies regional, urban, and macroeconomic trends and policies.  Salim joins the show today to talk about some of his work on housing supply in the United States and its implications for policy. David and Salim also discuss the problems that arise from rigid zoning laws, the rise of NIMBYism, and possible ways to conduct regulatory zoning reform.

 

Transcript for the episode: https://www.mercatus.org/bridge/podcasts/06242019/land-use-regulations-rise-nimbyism-and-options-reform

 

Salim’s Twitter: @salimfurth

Salim’s Mercatus profile: https://www.mercatus.org/people/salim-furth

 

Related Links:

 

*Housing Supply in the 2010s* by Salim Furth

https://www.mercatus.org/publications/state-and-local-regulations/housing-supply-2010s

 

*Do Minimum-Lot-Size Regulations Limit Housing Supply in Texas?* by Nolan Gray and Salim Furth

https://www.mercatus.org/publications/urban-economics/do-minimum-lot-size-regulations-limit-housing-supply-texas

 

*The Link Between Local Zoning Policy and Housing Affordability in America’s Cities* by Kevin Erdmann, Salim Furth, and Emily Hamilton

https://www.mercatus.org/publications/urban-economics/link-between-local-zoning-policy-and-housing-affordability-america%E2%80%99s

 

David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth